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Property profile & analytics
OFF-MARKET
Commercial real estate

312 Monmouth St Newport, KY 41071

0.08 ac lot Built 1906
Property ID
US34-2139119
Property summary
AI-generated overview

This unique 0.08-acre property at 312 Monmouth Street, Unit 312, in Newport, KY's vibrant Levee entertainment district presents a compelling investment opportunity. Situated steps from the Levee and less than a block from the World Peace Bell development, this building offers unparalleled access to a thriving area. Previously configured as three rental units, the property is currently undergoing renovations, offering a blank canvas for a variety of uses. Imagine luxury historic apartments, modern offices, a trendy restaurant, or a sophisticated bourbon bar – the possibilities are virtually limitless. This prime location allows for a mixed-use development, catering to the area's diverse needs and high demand. The building benefits from designated street parking directly in front, with additional parking conveniently located in lots nearby. Significant improvements have already been made, including a newer roof and completely rebuilt box gutters approximately 10 years ago. This is an exceptional chance to capitalize on the burgeoning Newport Levee market. The property is being sold in its current "as-is" condition, allowing for complete creative control and customization to suit your vision. The existing structure provides a solid foundation for a truly remarkable project in a highly sought-after location. Don't miss this chance to shape the future of Newport's entertainment district.

Property profile
Verified
Property type Commercial real estate
Year built 1906
Lot 0.08 ac (3,485 SF)
UPID US34-2139119
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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